Northland Power (OTCMKTS:NPIFF) Shares Gap Up – Time to Buy?

Shares of Northland Power, Inc. (OTCMKTS:NPIFF) gapped up before the market opened on Friday. The stock had previously closed at $15.8980, but opened at $16.50. Northland Power shares last traded at $16.72, with a volume of 1,275 shares changing hands.

Analysts Set New Price Targets

Separately, TD Securities raised Northland Power from a “hold” rating to a “buy” rating in a research note on Friday, August 14th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Northland Power presently has an average rating of “Moderate Buy”.

Northland Power Stock Up 6.2%

The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day moving average is $15.64 and its 200 day moving average is $15.79. The firm has a market capitalization of $4.41 billion, a PE ratio of -41.17 and a beta of 0.10.

About Northland Power

Northland Power is a Canadian power producer that develops, owns and operates electricity-generation and energy-storage facilities. Its portfolio includes offshore and onshore wind, solar, natural gas and battery storage projects. Founded in 1987 and headquartered in Toronto, the company has expanded beyond Canada into international markets, including Europe and the Asia-Pacific region. Its activities span the development and construction of energy projects as well as the operation of facilities that supply electricity to power markets and customers.